AUD/NZD Weekly

General overview for 26/03/2015:
The impulsive wave progression to the downside is about to be completed as there is one more wave missing to finish five wave decline as per weekly chart. The first projected level is a typical target level at 1.0000 and unless the wave 5 is extended one it is quite possible that the corrective cycle is coming soon. Please notice that the bullish divergence is supporting the view.

Support/Resistance:
1.0000 - Target LEvel for wave 5.
1.0428 - Technical Resistance
1.1310 - Key Long Term Resistance Level

Trading recommendations:
About 70% of traders is long with the average long price at the level of 1.0685 which is a rather good contrarian sell signal for now.

????????????????????

IF YOU WANT TO DOWNLOAD THE FREE MT4 INDICATOR THAT SHOWS THE POSITIONS OF THE OTHER TRADERS FROM AROUND THE WORLD (AS USED IN MY CHART) PLEASE CLICK HERE:

http://www.forex21.com/forex-insider/#a_aid=547da7b59a23d&a_bid=34402bb8

????????????????????

IF YOU NEED MORE DETAILED ELLIOTT WAVE COUNTS, 

SIGNALS 

AND

EDUCATIONAL MATERIALS, 

THEN JOIN MY VIP SERVICE!

Details here:

http://elliottfxtrader.blogspot.com/p/vip-service.html

????????????????????

EURUSD Daily

General overview for 19/03/2015 12:10 CET
The anticipated wave 3 to the bottom looks completed and after a FED news release market bounced strongly to the upside.  There are two possible wave progressions currently and the difference is in the degree cycle labeling: the first one is green cycle labeling (main count) and the other is pink cycle labeling ( alternative). Please notice the targets on the weekly chart are around parity but it will be determined in greater detail when the wave 4 (regardless of degree) is completed.

Support/Resistance:
1.04611 - Swing Low
1.0593 - Weekly Pivot
1.0627 - Intraday Support
1.0718 - WR1
1.0932 - 50%Fibo
1.1029 - WR2
1.1033 - 61%Fibo

Trading recommendations:
The sell orders advised from last year summer should all be closed in profit now. Congrats for those who trade it!
For today it will be quite relevant for daytraders to keep an eye on the level of 1.0627 for any possible breakout to the downside or bounce.  Please notice that the "easy money" on this pair has been made already and now the trading conditions might get choppy and full of whipsaws as wave 4 green develops.

????????????????????

IF YOU NEED MORE DETAILED ELLIOTT WAVE COUNTS, 

SIGNALS 

AND

EDUCATIONAL MATERIALS, 

THEN JOIN MY VIP SERVICE!

Details here:

http://elliottfxtrader.blogspot.com/p/vip-service.html

?????????????????????